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Top Insider Trades 4/3/14: BJRI, RTRX, SPLS, MTEX

|Includes:BJ's Restaurants, Inc. (BJRI), MTEX, RTRX, SPLS

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In a victory for common sense, the trading behavior of company executives, directors, and large shareholders in the stocks of firms they're registered "insiders" at have been proven profitable to monitor by both academic studies and (more importantly) the experience of professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Thursday, April 3, 2014 as ranked by dollar value.

Please note, however, that these are factual lists (with edits to remove some noise), not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

We should also point out that we are presently in a slow filing time for insiders because many companies still have their trading windows closed to their executives until their June quarter earnings are released.

But at, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

So use these regular blog posts as the initial research tools they are meant to be, and click the links in the tables to analyze a company's or insider's full insider history. Also feel free to email with any questions on our proprietary insider data, and how it is best analyzed.

Insider Purchases
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Walsh Patrick O Bjs Restaurants BJRI B $8,007,929
Levy Laurence S CB,CEO Hyde Park Acqu HPAC B $419,594
Shkreli Martin CEO,DIR,BO Retrophin RTRX B $240,615
Frost Phillip Md CEO,CB,BO Opko Health OPK B $174,577
Kiley Quinn T O Fiduciary Mlp Op Fd FMO B $131,263
Rea David L DIR Fresh Market TFM B $103,050
Sargent Ronald CB,CEO Staples SPLS B $100,455
Jobe Larry A DIR Mannatech MTEX B $90,590
Kiley Quinn T O Nuveen Mlp TR Fd JMF B $34,557
Kesner Harvey J DIR Spherix SPEX B $28,395

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Advent Intl O Five Below FIVE JS* $192,563,392
GPE VI Gp O Five Below FIVE JS* $169,629,104
Fidelity Inv Char Fd BO Pennymac Finl PFSI JS* $98,092,992
Brin Sergey F,DIR,BO Google GOOG AS $94,295,800
Watson Jill Foss BO Credit Acceptance CACC JS* $42,482,644
Sandberg Sheryl COO,DIR Facebook FB AS $17,860,626
Hoffman Reid DIR,BO Linkedin LNKD AS $13,524,360
Mottola Thomas D DIR Restoration Hard RH S $11,730,539
Craig John D CB,CEO,DIR Enersys ENS AS $8,122,579
Franklin Resources BO Dynegy DYN S $7,478,690

Source: | Key to Insider Title and Trans Type Codes